M2D INFORMATIQUE: what changed
Two fiscal years side by side, explained: what moved most in the balance sheet and the result, why the result rose or fell, and where the money went.
M2D INFORMATIQUE
Largest movements
- Current investments -€8,862
down €8,862 (-29.8%), from €29,784 to €20,923
- Cash +€3,596
up €3,596 (+36.5%), from €9,847 to €13,443
mainly Trade debts (+€12,122) and Current investments (+€8,862)
- Stocks and contracts +€3,570
up €3,570 (+6.8%), from €52,207 to €55,777
- Tangible fixed assets -€3,146
down €3,146 (-37.1%), from €8,483 to €5,337
of which Other tangible fixed assets: -€2,128
- Receivables within one year +€2,775
up €2,775 (+2.8%), from €99,467 to €102,243
of which Other amounts receivable: +€3,433
- Trade debts +€12,122
up €12,122 (+64.2%), from €18,883 to €31,005
- Reserves -€10,000
down €10,000 (-6.7%), from €150,000 to €140,000
- Profit (loss) carried forward -€2,641
down €2,641 (-34.8%), from €7,594 to €4,953
- Gross operating margin -€13,281
down €13,281, from €5,903 to -€7,378
- Write-downs -€8,029
down €8,029 (-92.4%), from €8,690 to €662
- Depreciation -€221
down €221 (-6.6%), from €3,367 to €3,146
From the 2024 result to the 2025 result
Each bar is the change in one income-statement line, as its effect on the result: higher costs pull it down, higher income lifts it.
Cash bridge derived
Derived from the 2024 and 2025 balance sheets and the 2025 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €201,589 | €199,519 | -€2,069 | -1.0% |
| Fixed assets | 21/28 | €8,653 | €5,507 | -€3,146 | -36.4% |
| Tangible fixed assets | 22/27 | €8,483 | €5,337 | -€3,146 | -37.1% |
| Furniture and vehicles | 24 | €1,353 | €336 | -€1,018 | -75.2% |
| Other tangible fixed assets | 26 | €7,130 | €5,001 | -€2,128 | -29.9% |
| Financial fixed assets | 28 | €170 | €170 | = | 0.0% |
| Current assets | 29/58 | €192,936 | €194,012 | +€1,077 | +0.6% |
| Stocks and contracts in progress | 3 | €52,207 | €55,777 | +€3,570 | +6.8% |
| Stocks | 30/36 | €52,207 | €55,777 | +€3,570 | +6.8% |
| Amounts receivable within one year | 40/41 | €99,467 | €102,243 | +€2,775 | +2.8% |
| Trade receivables | 40 | €88,416 | €87,758 | -€658 | -0.7% |
| Other amounts receivable | 41 | €11,051 | €14,484 | +€3,433 | +31.1% |
| Current investments | 50/53 | €29,784 | €20,923 | -€8,862 | -29.8% |
| Cash at bank and in hand | 54/58 | €9,847 | €13,443 | +€3,596 | +36.5% |
| Deferred charges and accrued income | 490/1 | €1,630 | €1,627 | -€3 | -0.2% |
| Total equity and liabilities | 10/49 | €201,589 | €199,519 | -€2,069 | -1.0% |
| Equity | 10/15 | €163,794 | €151,153 | -€12,641 | -7.7% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €150,000 | €140,000 | -€10,000 | -6.7% |
| Distributable reserves | 133 | €150,000 | €140,000 | -€10,000 | -6.7% |
| Profit (loss) carried forward | 14 | €7,594 | €4,953 | -€2,641 | -34.8% |
| Amounts payable | 17/49 | €37,795 | €48,366 | +€10,571 | +28.0% |
| Amounts payable within one year | 42/48 | €37,754 | €48,366 | +€10,612 | +28.1% |
| Financial debts | 43 | €1,875 | - | -€1,875 | |
| Credit institutions | 430/8 | €1,875 | - | -€1,875 | |
| Trade debts | 44 | €18,883 | €31,005 | +€12,122 | +64.2% |
| Suppliers | 440/4 | €18,883 | €31,005 | +€12,122 | +64.2% |
| Taxes, remuneration and social security | 45 | €16,745 | €17,074 | +€328 | +2.0% |
| Taxes | 450/3 | €13,745 | €14,074 | +€328 | +2.4% |
| Remuneration and social security | 454/9 | €3,000 | €3,000 | = | 0.0% |
| Other amounts payable | 47/48 | €250 | €287 | +€36 | +14.5% |
| Accrued charges and deferred income | 492/3 | €41 | €0 | -€41 | -99.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,367 | €3,146 | -€221 | -6.6% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €8,690 | €662 | -€8,029 | -92.4% |
| Other operating charges | 640/8 | €710 | €692 | -€17 | -2.5% |
| Non-recurring operating charges | 66A | €172 | €140 | -€32 | -18.4% |
| Gross operating margin | 9900 | €5,903 | -€7,378 | -€13,281 | |
| Operating profit (loss) | 9901 | -€7,036 | -€12,019 | -€4,983 | -70.8% |
| Financial income | 75/76B | €221 | €152 | -€69 | -31.4% |
| Recurring financial income | 75 | €221 | €152 | -€69 | -31.4% |
| Financial charges | 65/66B | €472 | €431 | -€42 | -8.8% |
| Recurring financial charges | 65 | €472 | €431 | -€42 | -8.8% |
| Profit (loss) for the period before taxes | 9903 | -€7,287 | -€12,298 | -€5,011 | -68.8% |
| Income taxes | 67/77 | €379 | €343 | -€36 | -9.4% |
| Profit (loss) for the period | 9904 | -€7,666 | -€12,641 | -€4,975 | -64.9% |
| Profit (loss) for the period to be appropriated | 9905 | -€7,666 | -€12,641 | -€4,975 | -64.9% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 8 October 2026 via checked.be.